Horace Mann Educators (HMN) will raise its quarterly dividend by 6.0 percent to $0.265 quarterly in 2016. This follows a dividend hike of 8.7 percent by the company last year.

Horace Mann Educators Corporation is an insurance holding company.  Through its subsidiaries, the company markets and underwrites personal lines of property and casualty insurance, primarily automobile and property coverages supplemental insurance, primarily heart, cancer, accident and limited short-term supplemental disability coverages, retirement products, primarily tax-qualified annuities and life insurance, primarily whole life, term and indexed universal life (IUL). Founded by Educators for Educators, the company's business began in Springfield, Illinois in 1945 when two school teachers started selling automobile insurance to other teachers within Illinois.